Guard your wallets, New Jersey taxpayers! The deficit in state pension and health-benefit plans for public employees is fast approaching $200 billion. Mark Lagerkvist, NJSpotlight Read more
Taxpayers beware! New Jersey debt for benefits nears $200 billion
13 thoughts on “Taxpayers beware! New Jersey debt for benefits nears $200 billion”
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The shortfall has increased by $19 billion – or roughly 10 percent – in the past year. Jersey Strong baby !
https://watchdog.org/237832/nj-benefit-debt-200b/
Keeping pension & platinum health care benefits at their current level would require a 29% hike in state income taxes or increasing the sales tax to 10%… current employees would also see their health coverage cut to bronze level from 2018 given New Jersey’s unfunded liability for health benefits skyrocketed by $14.6 billion in the past year, increasing from $66.8 billion to $81.4 billion. “These costs are wildly out of step with the private sector and unsustainable for the state and taxpayers,” Treasury spokesman Christopher Santarelli said.
Bills are coming due for past promises, not new investment in the state’s aging infrastructure
Have no fear our absentee governor will save us.
Union toadies killing the state
Pension thugs are laughing at us all
$19bn more just in one year for unions?
That’s some credit card bill, who’s gonna pay that? $60,000 per household in NJ and six times as much as the total annual NJ state budget!
blame the police and fire for that.
Here’s a news flash: NO ONE’S GOING TO PAY IT….it’s called bankruptcy. And that’s exactly where we’re headed and guess what?
You Union lackies, toadies and sycophants can drop dead.
What happens when the money runs out? Seriously, if the fund goes bankrupt what happens?
Do you think that the governor could come back and do his job? He was elected and then checked out.
He will never be president and he is an absent governor. Maybe he should resign.